Callon Petroleum Co.
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About
Callon is an independent energy company focused on the acquisition and development of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas.
Editor's note: Updated July 15, 2019.
Transactions
APA Corp. Closes Acquisition of Callon Petroleum
APA Corp. Closes Acquisition of Callon Petroleum
Marketed: Callon Petroleum Eagle Ford Shale Package
Marketed: Callon Petroleum Eagle Ford Shale Package
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum Acquires Private Permian Operator Primexx for $788 Million
Callon Petroleum Acquires Private Permian Operator Primexx for $788 Million
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New Financings
Launched a private offering of $600 million aggregate principal amount of senior unsecured notes due 2030…
Delivered a redemption notice on June 9 with respect to all $460.2 million of its outstanding 6.125%…
Priced 8.00% senior unsecured notes due 2028 in a private offering. Proceeds will be used to fully redeem…
Extended the deadline with respect to its offer to exchange up to $400 million aggregate principal amount…
Closed its private offering of $400 million aggregate principal amount of its 6.375% senior unsecured…
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News
APA Divests $950 Million in Non-core Permian Basin Assets
APA Corp. said it would sell assets in the Central Basin Platform, Texas and New Mexico Shelf and Northwest Shelf that average 21,000 boe/d, 57% oil.
Exxon Explores Sale of Conventional Permian Basin Assets
Exxon Mobil, which closed a $60 billion takeover of Pioneer Natural Resources this year, is exploring selling legacy conventional assets in the Permian Basin.
APA Executive: After Recent Divestitures, ‘More to Come’
At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.
APA Ratchets Up Permian Activity to Stoke US Oil Growth
APA Corp. expects an 8% uptick in its U.S. oil production in fourth-quarter 2024 compared to second-quarter 2024 as the company continues to connect more wells in the Permian Basin.
APA Closes Midland Basin, Eagle Ford Divestitures for $660 Million
APA Corp. and subsidiary Apache sold non-core assets in the Permian Basin and Eagle Ford Shale sooner than expected, and for less, as the company looks to reduce debt from its Callon Petroleum deal earlier this year.
Private E&P Point Energy Triples Delaware Basin Production to 15,000 bbl/d
Point Energy Partners has since brought on an additional 15 wells and has 12 more coming online later this year in Ward County, Texas, while its leasehold in northern Loving County is tied up in a dispute with Matador Resources.
APA Corp. Sells $700MM in Non-core Permian, Eagle Ford Assets
APA Corp. and subsidiary Apache are selling more than $700 million in non-core assets in the Permian Basin and Eagle Ford Shale—part of a plan to reduce debt after a $4.5 billion acquisition of Callon Petroleum.
Apache CEO: Longer Laterals Expected as Permian Enters New Era
With more than a decade of development in the Midland and Delaware basins, there are more limitations that operators will have to work around, said Apache Corp. CEO John Christmann at Hart Energy's SUPER DUG Conference & Expo. Â
Permian Powerhouse: Apache Doubles Down on Core Assets After Callon Acquisition
Apache CEO John Christmann detailed plans for the Permian Basin and Suriname during the SUPER DUG Conference & Expo.
APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes
APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
AI Poised to Break Out of its Oilfield Niche
At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
APA Closes $4.5B Callon Deal, Deepening Permian Roots
About two-thirds of Apache’s daily production will come from the Permian Basin after APA Corp. completed its $4.5 billion takeout of Callon Petroleum.